Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 21, 2024

7 Dec31, 2020 the business found unrecorded and unpald salary and wages for $9,500. 35 The owing amount will be paid in next week. 8

7 Dec31, 2020 the business found unrecorded and unpald salary and wages for $9,500.

The owing amount will be paid in next week.

8 Please also record the Jan31, 2021 salary 23,000 payment entry, also inclusive of the unpaid salary part at Dec31, 2020 from transaction 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

11th Edition

978-0132568968, 9780132568968

More Books

Students also viewed these Accounting questions

Question

★★★★★

The Apex Television Company has to decide on the number of 27" and 20" sets to be produced at one of its factories. Market research indicates that at most 40 of the 27" sets and 10 of the 20" sets...

Answered: 1 week ago

Question

★★★★★

If a player has no coins they are still in the game, but they roll no dice on their turn and nothing happens. (For our purposes, we will still count that as a turn, even though nothing happens) These...

Answered: 1 week ago

Question

★★★★★

5. The price for each bond issue in your spreadsheet is reported as a percentage of the bond's par value. For example, 104.50 means that the bond issue is trading at 104.5% of its par value. You can...

Answered: 1 week ago

Question

★★★★★

Under Section 11 of the Securities Act of 1933 and Section 10(b), Rule 10b-5, of the Securities Exchange Act of 1934, a CPA may be sued by a purchaser of registered securities. The following items...

Answered: 1 week ago

Question

★★★★★

7 Dec31, 2020 the business found unrecorded and unpald salary and wages for $9,500. 35 The owing amount will be paid in next week. 8 Please also record the Jan31, 2021 salary 23,000 payment entry,...

Answered: 1 week ago

Question

★★★★★

Over the year, the Rigem Co. had cash flow from operations of $938, and had net capital spending of $225. In addition, the firm's Net Working Capital increased by $73. What was Rigem's total cash...

Answered: 1 week ago

Question

★★★★★

QUESTION 6 CHAPTER 11 HW Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes "I nese percentages nave peen rounaed to tne nearest wnole percent to smplity...

Answered: 1 week ago

Question

★★★★★

Question 6 (1 point) Kordic returned from a business lunch in an intoxicated state and, while still under the influence, agreed to sell his motorcycle to his cubicle mate for a price substantially...

Answered: 1 week ago

Question

★★★★★

Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin...

Answered: 1 week ago

Question

★★★★★

Peanut-Butter Burgers: Demand, Elasticity and Profit The monthly demand for peanut-butter burgers from Mugshots Grill and Bar in Hattiesburg, is given by the following equation: P = 12 Q/400 (a)...

Answered: 1 week ago

Question

★★★★★

You are the Construction Manager overseeing the construction of Project 8168, a multi-storey multi use building. You are monitoring and reporting costs for the project to the project manager. There...

Answered: 1 week ago

Previous Question Next Question